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Global Astaxanthin Market to Expand as Dietary Supplements Become a Part of the Food Industry: TMR

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News provided by

Transparency Market Research

08 Jun, 2020, 10:30 GMT

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  • Rise in demand within the global astaxanthin market can be attributed to advancements in biochemical research. Several new chemical compounds used in key industries have been researched across leading research laboratories. Terpene compounds, of which astaxanthin is a key classification, have gained traction from several researchers.
  • The use of Terpene compounds in chemical research has gained momentum in recent years. Several applications of these compounds in food and non-food industries have come to the fore. This trend has reflected in the growth of the global astaxanthin market.

ALBANY, New York, June 8, 2020 /PRNewswire/ -- The demand for astaxanthin has increased alongside advancements in the field of chemical research. Compounds containing oxygen, hydroxyl, and ketone groups have gained popularity across the globe. These compounds are constantly being studied to explore their properties and applications. It is important for the chemical industry to acknowledge the effectiveness of these compounds in key industries. This would help in popularization of the benefits and applications of these compounds. In light of the factors stated herein, the global astaxanthin market is projected to grow along a lucrative trajectory. Astaxanthin occurs naturally in freshwater micro algae, adding to its utility and purity. Attempts to artificially synthesize the compound have also been made in the recent past. The growing relevance of the compound in key industries has created a plethora of opportunities for market growth.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16172

Approval by FDA as a Precursor to Popularity of Astaxanthin

In recent times, production and extraction of astaxanthin has become a matter of discussion across global research circles. It has become evident that the uses of astaxanthin in leading industries have prompted researchers to look into its chemical and physical properties. Several trends and factors have played a formative role in popularizing astaxanthin across key industries.

  • The Food and Drug Administration (FDA) has approved the use of astaxanthin as a dietary supplement in several feed products. This trend shall give a mark of confidence to manufacturers of astaxanthin.
  • Astaxanthin is non-toxic when administered orally, and this is an important consideration for biochemical researchers. Astaxanthin does not convert to vitamin-A inside the body.
  • Several biochemical research organizations have emphasized on the need to study terpenes in order to discover their potential applications.

Gather core insights about the leading trends operating in the Astaxanthin Market (Source; Grade; Application; Form) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030 at: https://www.transparencymarketresearch.com/pressrelease/astaxanthin-market.htm

Global Astaxanthin Market: Growth Drivers

The growth of the global astaxanthin market mainly depends on the use of this compound in commercial industries. Some of the leading driver of demand within the global astaxanthin market are:

  • Use of astaxanthin as a dietary supplement in aquaculture has created a large playfield of opportunities within the global market.
  • Several food organizations have invested in the use of astaxanthin as a coloring agent for food products, especially seafood such as shrimps and crabs.
  • Use of astaxanthin in chicken and egg production is also an important dynamic of market growth and maturity.
  • The use of astaxanthin in cold-storage food products has helped in creating seamless demand across the global market.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/16172

Global Astaxanthin Market: Restraints to Expansion

Despite the accepted usage of astaxanthin in feeds for aquaculture, several medical research organizations have contested the effectiveness of the compound. The compound is still under preliminary research across several research labs. The European Food Safety Authority, in the past, has asked for safety certifications from manufacturers of the compound. Vendors operating in the global astaxanthin market are looking for ways to bypass the odds to market expansion.

Analyze global Astaxanthin Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Global Astaxanthin Market: Key Market Players

  • Archer Daniels Midland Co. (ADM)
  • BGG (Beijing Gingko Group)
  • BASF SE
  • Cardax, Inc.
  • Divis Laboratories Ltd.
  • Cyanotech Corporation (BioAstin)

Explore Transparency Market Research's award-winning coverage of the global Food and Beverages Industry,

Alfalfa Protein Concentrate Market - The global alfalfa protein concentrate market was valued at ~ US$ 193 Mn in 2020, finds Transparency Market Research (TMR) in a recent study. According to the report, the market is anticipated to reach ~US$ 375 Mn by 2030, at a CAGR of ~7%.

Dried Apricots Market - The global dried apricots market stand strong at an astonishing USD $ 537.7 Mn. The market is projected to hit astonishing pints by the end of 2026. The growth will be attributed to the CAGR hike of 5.3% in the period from 2018 to 2026. 

Protein Ingredients Market - The protein ingredients market is favorable for growth in high demand regions such as North America and Europe. Innovations such as membrane separation technology are important milestones in dairy protein.

Vegan Cheese Market - The global vegan cheese market value was estimated to reach US$ 2.5 Bn by the end of 2020, finds Transparency Market Research (TMR) in a recent study. According to the report, the vegan cheese market is anticipated to reach ~US$ 7 Bn by 2030, at a CAGR of ~10%.

Psyllium Products Market - The global psyllium products market's value is estimated to be ~US$ 215 Mn in 2020, finds Transparency Market Research (TMR) in a recent study. According to the report, the market is expected to reach ~US$ 525 Mn by 2030, at a CAGR of ~9.2%.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

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Transparency Market Research
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